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Offshore wind farms are “back on the agenda” for SSE, the energy giant has said, as it reported a fall in profits due to lower gas prices.

Alastair Phillips-Davies, chief executive, admitted he had “spat the dummy” on offshore wind two years ago when he cast doubt on the sector’s viability, but said SSE was now considering more investment after ministers pulled the plug on onshore wind subsidies, making offshore “the only game in town”.

He was speaking as SSE reported that adjusted pre-tax profits slipped 3.3pc to £1.51bn in the year to March, driven by a 94pc collapse in profits at its gas production business.

Profits at SSE’s household energy supply business also fell as it lost 380,000 domestic...